South Africa economy: slowing growth, recession warning

Global Business

South Africa Pic 1

It was not long ago that emerging economies were being hailed for their strong rise in the global market. Most of these developing countries weathered the 2008 financial crisis with some ease while developed economies in Europe and the U.S. were battered.

However it seems the tide has turned, and emerging markets are now taking a beating.

CCTV’s Sumitra Nydoo filed this report from Johannesburg.

South Africa economy: slowing growth & recession warning

South Africa economy: slowing growth & recession warning

It was not long ago that emerging economies were being hailed for their strong rise in the global market. Most of these developing countries weathered the 2008 financial crisis with some ease while developed economies in Europe and the U.S. were battered.